Wednesday, December 18, 2024

Liverpool store chain says adiós to the Fábricas de Francia brand

The department store brand Fábricas de Francia is about to disappear after its owner, the Liverpool department store chain, decided to consolidate its operations under the Liverpool and Suburbia brands.

The decision follows Liverpool’s 15.7-billion-peso (US $837.8-million) acquisition of the Suburbia chain of stores from Walmart in April last year.

Yesterday, Liverpool announced that the 41 Fábricas de Francia stores will be converted either to Liverpool or Suburbia stores. The process will start later this year and will continue throughout 2019.

The mid to high-end retailer intends to “simplify supply channels and boost profitability . . .” said Carlos Hermosillo, an analyst at the financial services firm Actinver.

He said the Suburbia brand has greater loyalty and recognition than Fábricas de Francia.

The analyst said expectations were positive after the announcement, which “confirmed the final phase of the integration of Suburbia into the . . . Liverpool platform. It is yet uncertain if [the decision] will add profitability, but it is a fact that going from three to two brands will simplify the supply chain and marketing efforts.”

Source: El Financiero (sp)

Have something to say? Paid Subscribers get all access to make & read comments.
Colombian President Gustavo Petro sits across from Mexican President Claudia Sheinbaum in a room in Mexico's National Palace. Each have next to them small brass stands holding a small flag of each other's country. They are smiling and in mid conversation.

President Sheinbaum hosts Colombian leader Gustavo Petro at National Palace

0
Sheinbaum, who hosted Petro Monday in the National Palace, said the two leaders discussed immigration and a need for unity among progressive governments.
the Bank of Mexico (Banxico)

Banxico survey lowers GDP growth forecast to 1.12% in 2025

1
When asked about the business climate in the next six months, 77% of those surveyed by the Bank of Mexico expected it to “get worse."
Former Gulf Cartel leader Osiel Cárdenas Guillén in handcuffs standing in front of the back of a silver SUV. He's facing the camera while two ICE employees in military fatigues are standing with their backs to the camera on either side of Cardenas Guillen. Cardenas is in a parka and black pants. He wears black framed glasses and is mostly bald.

Mexico extradites ex-Gulf Cartel leader Osiel Cárdenas from US

4
Cárdenas, extradited from the U.S. on Monday, faces up to 730 years in jail if convicted in seven reactivated criminal cases against him in Mexico.